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Side-by-side financial comparison of Electrovaya Inc. (ELVA) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $17.1M, roughly 1.5× Electrovaya Inc.). Electrovaya Inc. runs the higher net margin — 5.3% vs -28.1%, a 33.4% gap on every dollar of revenue. Electrovaya Inc. produced more free cash flow last quarter ($-9.7M vs $-12.7M).

Electrovaya Inc. is a developer and manufacturer of Lithium-ion batteries and battery systems for the automotive, warehousing, autonomous guided vehicles, and energy storage applications. The company has operations in NY State and based in Ontario, Canada.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

ELVA vs FSP — Head-to-Head

Bigger by revenue
FSP
FSP
1.5× larger
FSP
$26.0M
$17.1M
ELVA
Higher net margin
ELVA
ELVA
33.4% more per $
ELVA
5.3%
-28.1%
FSP
More free cash flow
ELVA
ELVA
$2.9M more FCF
ELVA
$-9.7M
$-12.7M
FSP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELVA
ELVA
FSP
FSP
Revenue
$17.1M
$26.0M
Net Profit
$907.0K
$-7.3M
Gross Margin
30.8%
59.4%
Operating Margin
-27.9%
Net Margin
5.3%
-28.1%
Revenue YoY
-8.2%
Net Profit YoY
14.1%
EPS (diluted)
$0.02
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ELVA
ELVA
FSP
FSP
Q4 25
$26.0M
Q3 25
$27.3M
Q2 25
$17.1M
$26.7M
Q1 25
$27.1M
Q4 24
$28.4M
Q3 24
$29.7M
Q2 24
$30.8M
Q1 24
$31.2M
Net Profit
ELVA
ELVA
FSP
FSP
Q4 25
$-7.3M
Q3 25
$-8.3M
Q2 25
$907.0K
$-7.9M
Q1 25
$-21.4M
Q4 24
$-8.5M
Q3 24
$-15.6M
Q2 24
$-21.0M
Q1 24
$-7.6M
Gross Margin
ELVA
ELVA
FSP
FSP
Q4 25
59.4%
Q3 25
60.9%
Q2 25
30.8%
59.9%
Q1 25
62.8%
Q4 24
59.7%
Q3 24
61.0%
Q2 24
64.2%
Q1 24
64.7%
Operating Margin
ELVA
ELVA
FSP
FSP
Q4 25
-27.9%
Q3 25
-30.5%
Q2 25
-29.2%
Q1 25
-78.9%
Q4 24
-29.9%
Q3 24
-52.4%
Q2 24
-68.0%
Q1 24
-24.0%
Net Margin
ELVA
ELVA
FSP
FSP
Q4 25
-28.1%
Q3 25
-30.5%
Q2 25
5.3%
-29.5%
Q1 25
-79.1%
Q4 24
-30.0%
Q3 24
-52.6%
Q2 24
-68.2%
Q1 24
-24.2%
EPS (diluted)
ELVA
ELVA
FSP
FSP
Q4 25
$-0.06
Q3 25
$-0.08
Q2 25
$0.02
$-0.08
Q1 25
$-0.21
Q4 24
$-0.09
Q3 24
$-0.15
Q2 24
$-0.20
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ELVA
ELVA
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$1.3M
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.3M
$607.0M
Total Assets
$53.9M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELVA
ELVA
FSP
FSP
Q4 25
$30.6M
Q3 25
$31.4M
Q2 25
$1.3M
$29.4M
Q1 25
$30.2M
Q4 24
$41.1M
Q3 24
$40.9M
Q2 24
$30.2M
Q1 24
$34.2M
Stockholders' Equity
ELVA
ELVA
FSP
FSP
Q4 25
$607.0M
Q3 25
$615.3M
Q2 25
$22.3M
$624.7M
Q1 25
$633.4M
Q4 24
$655.9M
Q3 24
$665.4M
Q2 24
$682.1M
Q1 24
$703.9M
Total Assets
ELVA
ELVA
FSP
FSP
Q4 25
$892.9M
Q3 25
$901.0M
Q2 25
$53.9M
$903.2M
Q1 25
$916.4M
Q4 24
$946.9M
Q3 24
$981.5M
Q2 24
$1.0B
Q1 24
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ELVA
ELVA
FSP
FSP
Operating Cash FlowLast quarter
$-7.3M
$3.8M
Free Cash FlowOCF − Capex
$-9.7M
$-12.7M
FCF MarginFCF / Revenue
-56.8%
-48.6%
Capex IntensityCapex / Revenue
14.1%
63.0%
Cash ConversionOCF / Net Profit
-8.06×
TTM Free Cash FlowTrailing 4 quarters
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELVA
ELVA
FSP
FSP
Q4 25
$3.8M
Q3 25
$8.3M
Q2 25
$-7.3M
$-2.9M
Q1 25
$-5.5M
Q4 24
$9.0M
Q3 24
$14.5M
Q2 24
$-648.0K
Q1 24
$-7.1M
Free Cash Flow
ELVA
ELVA
FSP
FSP
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$-9.7M
$-5.7M
Q1 25
$-9.9M
Q4 24
$-16.2M
Q3 24
$8.6M
Q2 24
$-5.1M
Q1 24
$-15.8M
FCF Margin
ELVA
ELVA
FSP
FSP
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
-56.8%
-21.5%
Q1 25
-36.7%
Q4 24
-57.2%
Q3 24
29.1%
Q2 24
-16.7%
Q1 24
-50.8%
Capex Intensity
ELVA
ELVA
FSP
FSP
Q4 25
63.0%
Q3 25
19.4%
Q2 25
14.1%
10.7%
Q1 25
16.4%
Q4 24
88.9%
Q3 24
19.6%
Q2 24
14.6%
Q1 24
28.1%
Cash Conversion
ELVA
ELVA
FSP
FSP
Q4 25
Q3 25
Q2 25
-8.06×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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